Trump-Vance Administration Will Be 'Terrible' For Tesla, Says Bear: Elon Musk 'Has Completely Alienated Most Of His Buying Base'
Portfolio Pulse from Shanthi Rexaline
A Tesla bear, Mark Spiegel, argues that a Trump-Vance administration would be detrimental to Tesla due to potential elimination of EV mandates and tax credits, which could force Tesla to raise prices and reduce demand. Elon Musk's endorsement of Trump may also alienate Tesla's predominantly Democratic buyer base.
July 18, 2024 | 9:50 am
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Mark Spiegel argues that a Trump-Vance administration would negatively impact Tesla by eliminating EV mandates and tax credits, potentially forcing price hikes and reducing demand. Musk's endorsement of Trump may alienate Tesla's predominantly Democratic buyer base.
The potential elimination of EV mandates and tax credits under a Trump-Vance administration could force Tesla to raise prices, reducing demand. Additionally, Musk's endorsement of Trump may alienate Tesla's predominantly Democratic buyer base, further impacting sales.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100